Money Transfer To India Under 2 Mins

[AkshayReddyman]

Friends,
 
 
After trying several services finally I found the best service to transfer money to India. So just wanted to spread the word.
 
 www.transefrwise.com
 
Main Advantages compared to others.
-          Registration and the process of transferring money is a cake. < 2 minutes
-          Transfer fee is free for the first time and  .05 % after that.  No extra charges.
-          Transfer speed never exceeded > 48 hours.
-          Exchange rate is always close to the market rate. (+/-  10 cents to Google Rate)
 
It would be appropriate to do a  quick comparison  on the most  discussed money transfer services - RIA,Xoom,Transferwise .
 
I chose "Credibility","Exchange Rate" , "Fees", "Transfer Speed" to compare. 
 
Result: Transferwise Stands out in all of them. 
 
I know I sound like, I work for  Transferwise but I am not. I am one of their customers who is addicted to their service.
 
My Aim  :  Our community should use the  best service available  so our people can save some money and hassles. 
 
Here is my comparison.
 
1. Credibility of the Company.
 
Its too hard to find  negative comments on transferwise .You can try.
 

 
 
2.  Exchange Rate.
 
Screenshot was done within a minute.
 
 

 
 
3. Fees.
 
I cannot find much difference in Transfer fees. RIA says its free when using debit card but (*A currency exchange rate generating revenue for Ria may apply.)
 
 
4. Transfer Speed.
 
I cannot comment on RIA and Xoom as I have not tried them yet. I will once  I get some reviews from you here.
 
 
But with Transferwise I always received the fund the very same day once they received my money . A snap of my inbox showing  their emails. I used a wire transfer option which took one additional day due to my bank. 
 

 
For me Transferwise is the best in the lot . Please do some background check from your side and decide. 
 
Here is how you can transfer money in 4 easy steps.
 
1.       Goto:  www.transefrwise.com and sign up.  
 


 
2.       Once logged in enter the amount you want to transfer and click “Get Started” and click “Continue” in next step.




3.       Fill your Name,DOB, Address  (you will do this only once)


 
4.       Enter Recipient details , Only IFSC Code and Account number.It has to be a valid bank account and can be anyone's. (No need to provide your login and additional verification not required)



 
5.       Now select your mode of payment and pay the amount you selected.


 
 
 
That’s it  money will be credited to the recipient bank account in less than 48 hour
 
Goto:  www.transefrwise.com and give it a shot.

[Chitralekha]

63.84 aa.. bagundhi 

[Chitralekha]

rate bagundi kaani evari acct ki transfer avuthundi

adhem question. 

 

manam evarki pampinchamante vallaki pampistharu ga.. 

[AkshayReddyman]

rate bagundi kaani evari acct ki transfer avuthundi

Recipient account can be any valid bank account in India.

[Chitralekha]

intaki pampincheva e site ni nammocha

 

nammochanpisthundhi... but. first 200$ ala pampinchi.. chusthe better.. akkada first 3000 pounds free transaction ani edho undhi ga

[loveindia]

2 mins pampinchaalisina avasaram naaku ledu man... mari anta anta istey bisket antaru... but y u promoting this site so much, akkadey debba kodtundi... kust edo cheptey ok... screenshots kuda antey... adi mari....nannagaru...aa rojullooo... mari

[loveindia]

nammochanpisthundhi... but. first 200$ ala pampinchi.. chusthe better.. akkada first 3000 pounds free transaction ani edho undhi ga

 

enduku nammochu anipistundi reason cheppu....

[loveindia]

63.85 dollar to rupee value... 63.84 conversion rate.... highly impozzible task man... something is fishy...

[AkshayReddyman]

nammochanpisthundhi... but. first 200$ ala pampinchi.. chusthe better.. akkada first 3000 pounds free transaction ani edho undhi ga

Yes its better to be sure.

I did the same thing just transferred 100 eur first but wasted the free transfer.

 

[AkshayReddyman]

63.85 dollar to rupee value... 63.84 conversion rate.... highly impozzible task man... something is fishy...

Google is not real time .I already said +/- 10 Cents w.r.t google . I insist  they will never pay more than the market rate .

[AkshayReddyman]

  no recent transactions

My intention was to show my first transfer.

[Chitralekha]

Yes its better to be sure.

I did the same thing just transferred 100 eur first but wasted the free transfer.

 

 

 

good job.. thanks for sharing.. 

[loveindia]

Google is not real time .I already said +/- 10 Cents w.r.t google . I insist  they will never pay more than the market rate .

 

what is google realtime??? Forex gurinchaa??? 10 cents difference anukunna kuda it is highly impossible man... ye company profits lekunda evadu nadaparu ga... 

[sattipandu]

sign up ayinam ok

 

asalu mana sending bank account etla tie cheskovaaley?

[AkshayReddyman]

what is google realtime??? Forex gurinchaa??? 10 cents difference anukunna kuda it is highly impossible man... ye company profits lekunda evadu nadaparu ga... 

 

Because they are not using the straight forward approach . They swap your money with another customer on the receiving side.

 

from wiki

 

"

From the customer's point of view, money transfers with Transferwise are not essentially different from conventional money transfers: The customer chooses a recipient and a currency, the money to be transferred is taken from his or her account, the transferring company charges for the service, and some time later, the recipient receives the payment in the chosen currency.^[11]

The difference lies in how TransferWise routes the payment. Instead of transferring the sender's money directly to the recipient, it is redirected to the recipient of an equivalent transfer going in the opposite direction. Likewise, the recipient of the transfer receives a payment not from the sender initiating the transfer, but from the sender of the equivalent transfer. This process avoids costly currency conversion and transfers crossing borders

"